Columbia Sportswear (NASDAQ:COLM – Get Rating) will announce its results after market close on Thursday, April 28. Analysts expect the company to report earnings of $0.86 per share for the quarter. Columbia Sportswear set its guidance for FY22 at $5.50-5.80 EPS. Investors interested in participating in the company’s conference call can do so using this link.
Columbia Sportswear (NASDAQ:COLM – Get Rating) last released its quarterly earnings data on Thursday, February 3. The textile maker reported EPS of $2.39 for the quarter, beating Thomson Reuters consensus estimate of $1.78 by $0.61. Columbia Sportswear had a return on equity of 18.64% and a net margin of 11.33%. The company posted revenue of $1.13 billion for the quarter, versus a consensus estimate of $1.06 billion. In the same quarter a year earlier, the company had earned earnings per share of $1.44. On average, analysts expect Columbia Sportswear to post EPS of $6 for the current fiscal year and EPS of $6 for the next fiscal year.
NASDAQ:COLM shares opened at $89.78 on Thursday. The stock’s 50-day moving average is $91.16 and its 200-day moving average is $95.29. The company has a market capitalization of $5.79 billion, a PE ratio of 16.75, a P/E/G ratio of 1.71 and a beta of 0.90. Columbia Sportswear has a 1-year low of $83.61 and a 1-year high of $114.98.
The company also recently declared a quarterly dividend, which was paid on Monday, March 21. Shareholders of record on Friday, March 11 received a dividend of $0.30. This is a boost from Columbia Sportswear’s previous quarterly dividend of $0.26. This represents a dividend of $1.20 on an annualized basis and a dividend yield of 1.34%. The ex-dividend date was Thursday, March 10. Columbia Sportswear’s payout ratio is currently 22.39%.
Hedge funds have recently changed their holdings in the company. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Columbia Sportswear during the 4th quarter for a value of approximately $275,000. Lombard Odier Asset Management USA Corp acquired a new equity stake in Columbia Sportswear in Q4 valued at $283,000. LPL Financial LLC increased its holdings of Columbia Sportswear shares by 12.8% in the fourth quarter. LPL Financial LLC now owns 6,010 shares of the textile maker valued at $588,000 after buying an additional 680 shares last quarter. Metropolitan Life Insurance Co NY increased its holdings of Columbia Sportswear shares by 9.2% in Q4. Metropolitan Life Insurance Co NY now owns 6,389 shares of the textile maker valued at $623,000 after buying an additional 536 shares last quarter. Finally, Sei Investments Co. increased its equity stake in Columbia Sportswear by 27.7% in the fourth quarter. Sei Investments Co. now owns 17,744 shares of the textile maker valued at $1,733,000 after buying 3,845 additional shares last quarter. Hedge funds and other institutional investors hold 53.95% of the company’s shares.
Several research companies have recently published reports on COLM. CL King has raised Columbia Sportswear to a “buy” rating and set a price target of $117.00 on the stock in a Friday, Feb. 4 research report. StockNews.com launched coverage on Columbia Sportswear shares in a Thursday, March 31 report. They issued a “buy” rating for the company. Cowen raised his price target on Columbia Sportswear shares from $110.00 to $116.00 and gave the company an “outperform” rating in a Wednesday, Feb. 9 report. Wolfe Research downgraded shares of Columbia Sportswear to a “neutral” rating in a report on Tuesday, January 4. Finally, Zacks Investment Research downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating and set a price target of $92.00 for the company. in a report on Tuesday, April 12. Six investment analysts gave the stock a hold rating and four gave the company a buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $109.57.
Columbia Sportswear Company Profile (Get an assessment)
Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets and distributes outdoor, active and everyday apparel, footwear, accessories and equipment in the United States, Latin America, Asia- Pacific, Europe, Middle East, Africa and Canada. The company provides clothing, accessories and equipment that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, running , water sports, yoga, golf and adventure travel.
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